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20130131
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. there is an article about the extraordinary reduction in cost of solar power, for example. something similar to moore's law -- >> there's also the china a lot. china overproduces to the point of bankruptcy. [laughter] which is why the panels are so low, but it is closed. >> do you see it transforming technology? >> i do. although it is controversial, we should give credit to those people who have formed these new kinds of oil drilling, generally known as tracking -- fracking. we can have a separate discussion on how to regulate them and so forth. it is very controversial. it has changed the economic structure of energy production in america. if you look at renewables, what you see now is the automation and instrumentation of the system. it changes everything. this goes under smart building. roughly 40% of the carbon emissions coming out of the u.s. are coming out of buildings. >> interesting. >> and frankly if you would stop heaping the buildings in new york and insulate them better, he would do better. if you think about solar, it is within 1 cent of a kilowatt in current structures, and that is phe
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